HEXO - ADVISES ALL SHAREHOLERS TO READThe report was published April 2020, in concert with its quarterely financial release in June 2020 - we should see a new one next week. It is long, but has all of the details about the company written by the company - no interpretations from others and no generalizations. It lays out the good and the not so good about HEXO. I learned reading it that current and outstanding potential share count at this time is not 450,000 which I thought, but about 550,000. It clearly shows that HEXO has a solid vision and plan for the way ahead, but also highlights that HEXO has miniumum contractual obligations/payments to make this year still of $47M and next year of about $107M - see pg 37. You will note that the calculation of EBITDA does not include these amounts. Eventhough a company is EBITDA positive, it still might have hundred of millions in unpaid liabilities.
Using this, there is no need for generalizations, misinterpretations and misinformation from other posters.You have the information in the report below.
https://staticproduction.s3.amazonaws.com/financial-statements/2020/Q3/Q3+FY20+MDA+FINAL.pdf
GLTA